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Published: 2024-04-23T04:25:19.000Z

USD/JPY flows: A barrage of nothingness

byCephas Kin Long Yung

FX Analyst
1

BoJ's Ueda has a barrage of comments on policy stating the obvious

Suzuki says groundwork laid to take appropriate FX action in the G7 meeting

BoJ's Ueda has a barrage of comments on policy stating the obvious on Tuesday's Asia session. He said there is no preset idea on timing and pace of future hike and if trend inflation accelerates BoJ will adjust degree of monetary support through interest rate hike. Suzuki says groundwork have been laid to take appropriate FX action in the G7 meeting but these verbal interventions are carrying little weight after being very repetitive.

U.S. Treasury Yields are lower in the far end while JGB yields higher. USD/JPY is trading 0.06% lower at 154.75. 

 

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Topics
Foreign Exchange
FX DM
Flows
USD/JPY-Commentary

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